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Gamesense Massachusetts

GameSense Making Massachusetts Casinos The Model For Responsible Gaming

A Boston-based tech company is making international waves as the GameSense awareness programs have grabbed attention across the world.

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Posted September 28, 2019
News
by Derek Helling
DraftKings Drive

DraftKings Moves To Put Boston On The Sports Tech Map

DraftKings has already made Boston a prominent place in the fantasy sports industry. It has set out to do the same for the sports tech industry with DraftKings Drive. As long as Massachusetts sports betting remains illegal, a natural path …

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Posted September 14, 2019
News
by Derek Helling
MGM Springfield year one

Year One Of MGM Springfield Not All It’s Cracked Up To Be

The MGM Springfield first anniversary celebration had all the trappings of lavishness, but the hard facts detract from that jovial atmosphere.

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Posted August 29, 2019
News
by Derek Helling

Patriots 2020 Super Bowl Odds Are Business As Usual

It was mostly a typical offseason for New England, and the Patriots 2020 Super Bowl odds reflect the belief that contending for another title is likely.

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Posted August 23, 2019
News
by Derek Helling
Encore Boston Harbor

All Shiny And New: Encore Boston Harbor Enjoys Promising First Week

It was opening week at the newest Massachusetts casino, and Encore Boston Harbor revenue blew away everyone’s expectations

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Posted August 14, 2019
News
by Derek Helling
Mass sports betting sneak peek

Penn National Deal Gives A Sneak Peek To Massachusetts Sports Betting Possibilities

A new Penn National deal gives sportsbook operators potential claim to the Massachusetts market, that is, if they ever get the chance.

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Posted August 6, 2019
News
by Derek Helling
MA sports betting hearing update

Massachusetts Sports Betting Hearing Is Reason For Cautious Optimism

A Massachusetts legislative joint committee recently held a Massachusetts sports betting hearing, signaling a reason for cautious optimism.

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Posted July 31, 2019
News
by Derek Helling

Encore Boston Harbor Upstages NY Casinos With Saratoga Race Course Deal

Leaving upstate NY casinos out in the cold, the 1863 Club at Saratoga Race Course has a new twist with the announcement of an Encore Boston Harbor sponsorship

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Posted July 24, 2019
News
by Derek Helling
Revenue reports for April 2019 showed a downturn for Massachusetts casino revenue. May 2019's reports showed improvement. The Massachusetts Gaming Commission requires MGM Springfield and Plainridge Park casinos to file monthly revenue reports. The latest numbers are good news for the casino industry in the state. Massachusetts casino revenue details for May Gross gaming receipts for MGM in May 2019 totaled over $22 million. About 73%, over $16 million, of that revenue came from slot gaming. The other $6 million came from table games. Plainridge's slots pulled in nearly $15 million in May. Though both facilities have to file monthly reports with the commission, they pay different tax rates. The state-licensed MGM as a resort casino. Plainridge's license is for operation as a slot parlor. Plainridge pays a much higher tax rate because of that designation. May tax revenue from MGM and Plainridge Plainridge pays a 40% rate on its slot take to the state and another 9% to the state's Horse Racing Development Fund. Eighty-two percent of those tax funds are distributed to local aid. MGM pays a 25% rate on its gross receipts. That revenue divides up a dozen different ways, including education and local aid. The total tax revenue from MGM and Plainridge for May was $12.7 million. That number is an improvement from the previous month. April's diminished returns for Massachusetts The revenue and tax numbers for both facilities in April left a little to be desired. MGM reported gross receipts of $21.8 million. May's numbers improved by 2.2%. MGM's table games actually took in more in April ($6.3 million) than in May ($6.1 million), but its slots were down $700,000. Plainridge's slots were down $800,000 (4.8%) in May as compared to April. Those decreased revenues led to a difference of $400,000 (5.5%) in taxes paid. Looking at all the numbers for 2019 gives a better context for how both facilities have performed. Cumulative revenue for 2019 through May Through the first five months of 2019, MGM reports gross gaming receipts of over $111 million. The average monthly revenue is just over $22 million. Plainridge has pulled in $70 million in gross receipts in 2019. That averages $14 million per month. Looking at the averages, May was as good as any other month so far this year if not a little better. The tax revenue numbers could be improving soon. What about Encore Boston Harbor? Encore Boston Harbor just opened days ago, so a revenue report won't be filed until September for July's receipts. Even then, that report won't tell much about how the new casino is performing. The first report spanning a full month from Encore won't be available until October when receipts for August are filed. At that time we'll get some idea of how Encore is faring and how having new competition has affected MGM and Plainridge. Naturally, revenue at all three facilities could increase if Massachusetts sports betting became legal. When that could happen is anyone's guess, as the Massachusetts legislature seems unmotivated to make sports betting in Massachusetts legal anytime soon, although there is a hearing scheduled this week. May for MGM and Plainridge wasn't a banner month, but it was an improvement from April and par for the course for 2019.

Mass. Casino Revenue Rebounds, Even Without Encore Boston Harbor Numbers

After diminished returns came in April at MGM Springfield and Plainridge Park, Massachusetts casino revenue improved in May.

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Posted July 15, 2019
News
by Derek Helling
Encore Boston Harbor finally opens

The Success Of Encore Boston Harbor In Question As The MA Casino Opens

Wynn Casinos recently celebrated as Encore Boston Harbor opened its doors in Massachusett’s biggest city, but will the MA casino perform as expected?

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Posted July 9, 2019
casinos
by Derek Helling
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Chumba Casino

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Recent Posts

  • GameSense Making Massachusetts Casinos The Model For Responsible Gaming
  • DraftKings Moves To Put Boston On The Sports Tech Map
  • Year One Of MGM Springfield Not All It’s Cracked Up To Be
  • Patriots 2020 Super Bowl Odds Are Business As Usual
  • All Shiny And New: Encore Boston Harbor Enjoys Promising First Week

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